In recent days, CoinMarketCap, a popular cryptocurrency analysis platform, faced a significant cyber attack. As a result of the incident, users fell victim to a malicious code embedded in the site.
Nature of the Attack on CoinMarketCap
According to reports, the attack was executed through the injection of malicious JavaScript code into the site's 'Doodles' feature. This counterfeit code prompted users to verify their wallets, leading to the theft of their funds. Blockchain analysts identified a known malicious address receiving token approvals.
CoinMarketCap's Response to the Incident
CoinMarketCap released a statement through its official X account, announcing the detection and removal of the malicious code. The company confirmed that the system is restored and the affected pop-ups have been removed. Security experts urged users to remain cautious and pay close attention to their wallet access.
Comparison with Other Incidents in the Crypto Industry
The attack on CoinMarketCap occurred alongside other significant incidents in the crypto industry, including the hack of the BitoPro exchange, resulting in approximately $11 million stolen. Researchers found that in both cases, sophisticated social engineering methods were employed to execute the attacks.
Incidents like the attacks on CoinMarketCap and BitoPro highlight the importance of security in the cryptocurrency infrastructure and the need for user vigilance.
